More info Chase Romig sperates Chase's Cricket Farm in Dublin, Georgia. Chase's is about 18 million crickets a month. Most are sold to pet stores at $10.59 fok a box of 1,000 cricket Put stores all the crickets for 50.05 to 30.10eachas live feed Click the ico forreptiles (Click the Click on the icon to www additional information) Read the Requirement 1. What is the cost per box of concrets sold? Mint This is the cost of the boxes completed and shipped out of brooding) Fastently the labels to compute werage cost per box transferred out, then compute the average cost per box whipped out of brooding Average cost per box Requirement 2. What is the gross profit per box First, Identity the labels to compute the gross proft per bor, en compute the gross prolt per box (Enter dollar amounts to the rest Grosso Raising cricket requires a two-step process incubation and brooding. In the first proces, incubation, employees plan cricket eggs on mounds of peat most hatch in the second process, employees move the newly hatched and into farge boxes Sied with cardboard dividers. Depending on the desired the cricket spend approximately two weeks in brooding before being shipped to pet stores in the brooding process, Chase's dels consume about 16 tons of food and produce 12 tons of marre Romg has invested $540,000 in the cricket tarm, and he had hoped to ma 41.4% ware of return, which works out to a 3.45% more on investment Aher looking at the farm's bank bainor Honig fars he is not achieving the retum. To get more formation on the performance Romig bought new accounting software that provides weiterge process cost information Ater Romig input the data, these provided the following reports. However. Romig needs help preting these reports Romig doos know that a unit of production is a box of 1.000 For sale In June's report the 2.000 physicales of beginning work in process inventory are 2.000 bones (each one of those boxes contain 1,000 immature nickets). The finished goods inventory's zero because the ordets hip out as soon as they reach the roured size. Monthly operating expenses to $9.500 fastion to costs that follow). Requirements. How much operating income did Chase's Cricket Farm make in June? First, ide the labels to compute the operating income, then compute the operating income for June Operating Income Done Requirement 4. What is the retum on Romig in of 540,000 for the month of June? (Compute this as June's operating income ovided by Romih investment expressed as a percentage )[Round there on instation nearthed of a percent. XXC) The minimuman of the methods Choose from any lost or enter any number in the input fields and then continue to the next question Und Farm in Dublin, Georgia. Chase's mises about once a month Mow sold to put vores 310.50 for a box of 1.000 Pet stores sol the clouts for $0.05 to $0.10 eaches for the con tow the production cost recon Part 1 of replies Click the contes the production -20) k on the icon to view it wormation) Read the perbe More info Requirement 3. How much operating Income did Chase's Cricket Farm make in ne? First, Identify the labels to compute the operating income, the compute the operating income forume Operating income Requirement 4. What is the retum on Romig's investment of $540,000 for the month of June? (Compute the sun's operating income divided by omg'is nearest hundredth of a percent. XXX%) The return on Romig's investment of 5540.000 for the month of June Requirement 8. What monthly operating income would provide a 2.48 monthly rute of retum? What proper bou would Chase's Closet Fum have had to First, identify the labels to compute the desired monthly operating income, than compute the amount Merthyperating inom Rasing serbation and bring in the first proc. non employees prices on rounds of postmotta hatch. In the second process, employees move the newly hatefonds wed with cardboard dans. Depending on the crickets and procely he was in bong before being to stores in the bring process Chandebout to the and produce 12 ton of a Rong has invested $540,000 in the chama hao 414 al rate of whom which wowo Investment Alter looking at the basis of achieving is retum. To get more information et peace Hombought out or that provided over Pro cosomation Aer Rong iput nedal there blowing reports. However, ong readaptarting the Romy do tohoto production a box of 1.000 de ore inesport. 2.000 af begge 2,000 bach one of the 10th Erished goods vertory about how reach the mud Mortype 500 donne costs that follow Idently the labels to compute the weling price per box needed to achieve 3.45% monthly rate of the compute the mount Selling price per box Print bone Choose from any list or enter any number in the routies and then continue to the next question 8 6 5 4 7 2 3 E 1 R T Y Chase Romig operates Chase's Cricket Farm in Dublin, Georgia. Chase's raises about 18 million crickets a month. Most are sold to pet stores at $10.59 for a box of 1,000 crickets. Pet stores sell the crickets for $0.05 to $0.10 each as live feed for reptiles (Click on the icon to view additional information.) (Click the icon to view the production cost report-Part 1) (Click the icon to view the production cost report-Parts 2/3.) Read the requirements Requirement 1. What is the cost per box of crickets sold? (Hint: This is the cost of the boxds completed and shipped out of brooding) First, identify the labels to compute the average cost per box transferred out, then compute the average cost per box shipped out of brooding (Enter your answer to the nearest cent.) Average cost per box Requirement 2. What is the gross profit per box? First, identify the labels to compute the gross profit per box, then compute the gross profit per box (Enter all dollar amounts to the nearest cent) Gross profit per box Requirement 3. How much operating income did Chase's Cricket Farm make in June? First, identify the labels to compute the operating income, then compute the operating income for June Choose from any list or enter any number in the input fields and then continue to the next question O Chase Romig operates Chase's Cricket Farm in Dublin, Georgia. Chase's raises about 18 million crickets a month. Most are sold to pet stores at $10.59 for a box of 1,000 crickets. Pet stores sell the crickets for $0.05 to $0.10 each as live feed for reptiles. (Click on the icon to view additional information.) (Click the icon to view the production cost report-Part 1.) (Click the icon to view the production cost report-Parts 23.) Read the requirements Requirement 3. How much operating income did Chase's Cricket Farm make in June? First, identify the labels to compute the operating income, then compute the operating income for June Operating income Requirement 4. What is the return on Romig's investment of $540,000 for the month of June? (Compute this as June's operating income divided by Romig's investment, expressed as a percentage.) (Round the return on investment to the nearest hundredth of a percent, X.XX%) The return on Romig's investment of $540,000 for the month of June is Requirement 5. What monthly operating income would provide a 3,45% monthly rate of return? What price per box would Chase's Cricket Farm have had to charge in June to achieve this target monthly rate of return? First, identify the labels to compute the desired monthly operating income, then compute the amount Monthly operating income % Choose from any list or enter any number in the input fields and then continue to the next question O A BO 00 MacBook Air Chase Romig operates Chase's Cricket Farm in Dublin, Georgia. Chase's raises about 18 million crickets a month. Most are sold to pet stores at $10.59 for a box of 1,000 crickets. Pet stores sell the crickets for $0.05 to $0.10 each as live feed for reptiles. (Click on the icon to view additional information.) (Click the icon to view the production cost report Part 1.) (Click the icon to view the production cost report Paris 2/3) Read the requirements income Requirement 4. What is the return on Romig's investment of $540,000 for the month of June? (Compute this as June's operating income divided by Romig's investment, expressed as a percentage.) (Round the return on investment to the nearest hundredth of a percent XXX%) The return on Romig's investment of $540,000 for the month of June is % Requirement 5. What monthly operating income would provide a 3,45% monthly rate of retum? What price per bax would Chase's Cricket Farm have had to charge in June to achieve this target monthly rate of return? First, identify the labels to compute the desired monthly operating income, then compute the amount Monthly operating income % Identify the labels to compute the selling price per box needed to achieve a 3.45% monthly rate of return, then compute the amount. Selling price per box Choose from any list or enter any number in the input fields and then continue to the next question A CE NOV MacBook Air amig Data Table milli erick S. kon ment B D E Step 1: Step 2: Equivalent Units Flow of Physical Transferred- Direct Conversion Units in Materials Costs tify ent. answer to the 2,000 6 1 Chase's Cricket Farm-Brooding Department Month Ended June 30 2 Production Cost Report (part 1 of 3) 3 Flow of Production 4 Units to account for: 5 Beginning work in process, June 1 Plus: Transferred in during June 7 Total physical units to account for 8. Units accounted for: 9 Completed and shipped out during June 10 Plus: Ending work in process, June 30 11 Total physical units accounted for 12 Total equivalent units 32,000 ent 34,000 tify 29,000 29,000 5,000 29,000 5.000 29.000 3,000 1,500 34,000 hen 34.000 32,000 30,500 tify Print Done NOV 8 X Coo Data Table B D E Transferred Direct Conversion in Materials Costs Total $ 10,500 $ 4,730 $ 51,230 Chase's Cricket Farm--Brooding Department Month Ended June 30 2 Production Cost Report (part 2 of 3) 3 Beginning work in process, June 1 4 Plus: Costs added during June 5 Total costs to account for 6 Divided by: Total equivalent units 7 Cost per equivalent unit 36,000 $ 164,000 50,020 52.000 266,020 317,250 $ 60,520 $ 200,000 $ 32,000 56,730 $ 30,500 34,000 $ 1.781 $ 6.25 $ 1.86 B D E 1 Transferred Direct Conversion Costs in Materials Total 2 Chase's Cricket Farm--Brooding Department Month Ended June 30 Production Cost Report (part 3 of 3) Assignment of total cost: Completed and transferred out: ir 3 id 4 Print Done More info Chase Romig sperates Chase's Cricket Farm in Dublin, Georgia. Chase's is about 18 million crickets a month. Most are sold to pet stores at $10.59 fok a box of 1,000 cricket Put stores all the crickets for 50.05 to 30.10eachas live feed Click the ico forreptiles (Click the Click on the icon to www additional information) Read the Requirement 1. What is the cost per box of concrets sold? Mint This is the cost of the boxes completed and shipped out of brooding) Fastently the labels to compute werage cost per box transferred out, then compute the average cost per box whipped out of brooding Average cost per box Requirement 2. What is the gross profit per box First, Identity the labels to compute the gross proft per bor, en compute the gross prolt per box (Enter dollar amounts to the rest Grosso Raising cricket requires a two-step process incubation and brooding. In the first proces, incubation, employees plan cricket eggs on mounds of peat most hatch in the second process, employees move the newly hatched and into farge boxes Sied with cardboard dividers. Depending on the desired the cricket spend approximately two weeks in brooding before being shipped to pet stores in the brooding process, Chase's dels consume about 16 tons of food and produce 12 tons of marre Romg has invested $540,000 in the cricket tarm, and he had hoped to ma 41.4% ware of return, which works out to a 3.45% more on investment Aher looking at the farm's bank bainor Honig fars he is not achieving the retum. To get more formation on the performance Romig bought new accounting software that provides weiterge process cost information Ater Romig input the data, these provided the following reports. However. Romig needs help preting these reports Romig doos know that a unit of production is a box of 1.000 For sale In June's report the 2.000 physicales of beginning work in process inventory are 2.000 bones (each one of those boxes contain 1,000 immature nickets). The finished goods inventory's zero because the ordets hip out as soon as they reach the roured size. Monthly operating expenses to $9.500 fastion to costs that follow). Requirements. How much operating income did Chase's Cricket Farm make in June? First, ide the labels to compute the operating income, then compute the operating income for June Operating Income Done Requirement 4. What is the retum on Romig in of 540,000 for the month of June? (Compute this as June's operating income ovided by Romih investment expressed as a percentage )[Round there on instation nearthed of a percent. XXC) The minimuman of the methods Choose from any lost or enter any number in the input fields and then continue to the next question Und Farm in Dublin, Georgia. Chase's mises about once a month Mow sold to put vores 310.50 for a box of 1.000 Pet stores sol the clouts for $0.05 to $0.10 eaches for the con tow the production cost recon Part 1 of replies Click the contes the production -20) k on the icon to view it wormation) Read the perbe More info Requirement 3. How much operating Income did Chase's Cricket Farm make in ne? First, Identify the labels to compute the operating income, the compute the operating income forume Operating income Requirement 4. What is the retum on Romig's investment of $540,000 for the month of June? (Compute the sun's operating income divided by omg'is nearest hundredth of a percent. XXX%) The return on Romig's investment of 5540.000 for the month of June Requirement 8. What monthly operating income would provide a 2.48 monthly rute of retum? What proper bou would Chase's Closet Fum have had to First, identify the labels to compute the desired monthly operating income, than compute the amount Merthyperating inom Rasing serbation and bring in the first proc. non employees prices on rounds of postmotta hatch. In the second process, employees move the newly hatefonds wed with cardboard dans. Depending on the crickets and procely he was in bong before being to stores in the bring process Chandebout to the and produce 12 ton of a Rong has invested $540,000 in the chama hao 414 al rate of whom which wowo Investment Alter looking at the basis of achieving is retum. To get more information et peace Hombought out or that provided over Pro cosomation Aer Rong iput nedal there blowing reports. However, ong readaptarting the Romy do tohoto production a box of 1.000 de ore inesport. 2.000 af begge 2,000 bach one of the 10th Erished goods vertory about how reach the mud Mortype 500 donne costs that follow Idently the labels to compute the weling price per box needed to achieve 3.45% monthly rate of the compute the mount Selling price per box Print bone Choose from any list or enter any number in the routies and then continue to the next question 8 6 5 4 7 2 3 E 1 R T Y Chase Romig operates Chase's Cricket Farm in Dublin, Georgia. Chase's raises about 18 million crickets a month. Most are sold to pet stores at $10.59 for a box of 1,000 crickets. Pet stores sell the crickets for $0.05 to $0.10 each as live feed for reptiles (Click on the icon to view additional information.) (Click the icon to view the production cost report-Part 1) (Click the icon to view the production cost report-Parts 2/3.) Read the requirements Requirement 1. What is the cost per box of crickets sold? (Hint: This is the cost of the boxds completed and shipped out of brooding) First, identify the labels to compute the average cost per box transferred out, then compute the average cost per box shipped out of brooding (Enter your answer to the nearest cent.) Average cost per box Requirement 2. What is the gross profit per box? First, identify the labels to compute the gross profit per box, then compute the gross profit per box (Enter all dollar amounts to the nearest cent) Gross profit per box Requirement 3. How much operating income did Chase's Cricket Farm make in June? First, identify the labels to compute the operating income, then compute the operating income for June Choose from any list or enter any number in the input fields and then continue to the next question O Chase Romig operates Chase's Cricket Farm in Dublin, Georgia. Chase's raises about 18 million crickets a month. Most are sold to pet stores at $10.59 for a box of 1,000 crickets. Pet stores sell the crickets for $0.05 to $0.10 each as live feed for reptiles. (Click on the icon to view additional information.) (Click the icon to view the production cost report-Part 1.) (Click the icon to view the production cost report-Parts 23.) Read the requirements Requirement 3. How much operating income did Chase's Cricket Farm make in June? First, identify the labels to compute the operating income, then compute the operating income for June Operating income Requirement 4. What is the return on Romig's investment of $540,000 for the month of June? (Compute this as June's operating income divided by Romig's investment, expressed as a percentage.) (Round the return on investment to the nearest hundredth of a percent, X.XX%) The return on Romig's investment of $540,000 for the month of June is Requirement 5. What monthly operating income would provide a 3,45% monthly rate of return? What price per box would Chase's Cricket Farm have had to charge in June to achieve this target monthly rate of return? First, identify the labels to compute the desired monthly operating income, then compute the amount Monthly operating income % Choose from any list or enter any number in the input fields and then continue to the next question O A BO 00 MacBook Air Chase Romig operates Chase's Cricket Farm in Dublin, Georgia. Chase's raises about 18 million crickets a month. Most are sold to pet stores at $10.59 for a box of 1,000 crickets. Pet stores sell the crickets for $0.05 to $0.10 each as live feed for reptiles. (Click on the icon to view additional information.) (Click the icon to view the production cost report Part 1.) (Click the icon to view the production cost report Paris 2/3) Read the requirements income Requirement 4. What is the return on Romig's investment of $540,000 for the month of June? (Compute this as June's operating income divided by Romig's investment, expressed as a percentage.) (Round the return on investment to the nearest hundredth of a percent XXX%) The return on Romig's investment of $540,000 for the month of June is % Requirement 5. What monthly operating income would provide a 3,45% monthly rate of retum? What price per bax would Chase's Cricket Farm have had to charge in June to achieve this target monthly rate of return? First, identify the labels to compute the desired monthly operating income, then compute the amount Monthly operating income % Identify the labels to compute the selling price per box needed to achieve a 3.45% monthly rate of return, then compute the amount. Selling price per box Choose from any list or enter any number in the input fields and then continue to the next question A CE NOV MacBook Air amig Data Table milli erick S. kon ment B D E Step 1: Step 2: Equivalent Units Flow of Physical Transferred- Direct Conversion Units in Materials Costs tify ent. answer to the 2,000 6 1 Chase's Cricket Farm-Brooding Department Month Ended June 30 2 Production Cost Report (part 1 of 3) 3 Flow of Production 4 Units to account for: 5 Beginning work in process, June 1 Plus: Transferred in during June 7 Total physical units to account for 8. Units accounted for: 9 Completed and shipped out during June 10 Plus: Ending work in process, June 30 11 Total physical units accounted for 12 Total equivalent units 32,000 ent 34,000 tify 29,000 29,000 5,000 29,000 5.000 29.000 3,000 1,500 34,000 hen 34.000 32,000 30,500 tify Print Done NOV 8 X Coo Data Table B D E Transferred Direct Conversion in Materials Costs Total $ 10,500 $ 4,730 $ 51,230 Chase's Cricket Farm--Brooding Department Month Ended June 30 2 Production Cost Report (part 2 of 3) 3 Beginning work in process, June 1 4 Plus: Costs added during June 5 Total costs to account for 6 Divided by: Total equivalent units 7 Cost per equivalent unit 36,000 $ 164,000 50,020 52.000 266,020 317,250 $ 60,520 $ 200,000 $ 32,000 56,730 $ 30,500 34,000 $ 1.781 $ 6.25 $ 1.86 B D E 1 Transferred Direct Conversion Costs in Materials Total 2 Chase's Cricket Farm--Brooding Department Month Ended June 30 Production Cost Report (part 3 of 3) Assignment of total cost: Completed and transferred out: ir 3 id 4 Print Done
